Billionaire Elon Musk is planning on starting an artificial intelligence start-up to compete with ChatGPT-maker OpenAI, according to the Financial Times.
According to the Financial Times, Musk is recruiting a team of AI academics and engineers and is in talks with certain SpaceX and Tesla investors about investing money into his new firm.
Musk’s goal for the company comes only weeks after a group of AI researchers and CEOs, including himself, asked for a six-month moratorium on constructing systems more powerful than OpenAI’s GPT-4, citing potential societal hazards.
Companies such as Microsoft and Alphabet Inc are attempting to incorporate Generative AI, the technology behind ChatGPT, into their offerings.
However, ChatGPT is meeting opposition as authorities demand well-defined restrictions ahead of its mass adoption.
However, regulators are calling for well-defined guidelines before ChatGPT can be widely adopted.
Italy has outlawed ChatGPT because to privacy concerns, and a European privacy watchdog has formed a task force as a first step towards developing a unified AI policy.
Meanwhile, has undertaken an initiative to develop guidelines for AI technology in order to meet national security and education concerns.
According to Business Insider, Musk has secured hundreds of graphic processor units, which provide high-powered processing essential for tasks such as AI and high-end graphics.
Musk is a co-founder of OpenAI, which began as a non-profit organisation in 2015 before he stepped away from the company’s board.